SIF Muntenia sells 1.4% in Sicomed

Societatea de Investitii Financiare (financial investment company – SIF) Muntenia at the end of last month sold a stake of 1.4% in Sicomed on the Bucharest Stock Exchange. These transactions were worth 8.2 million RON (more than 2.2 million euros). The management of Muntenia Invest, the company that manages SIF Muntenia”s portfolio specified they had chosen to sell this stake on the market and not as part of the tender offer put out by Zentiva, due to the higher price at which Sicomed was trading compared with the price offered by Zentiva. “We took advantage of the price on the market being higher than that offered by Zentiva,” said Petre Szel, chairman of Muntenia Invest. ZF